$2.58 trillion budget deficit for 2011 & 2012 per CBO

fire up the printing presses uncle ben. will foreigners buy our debt or will uncle ben continue to monetize?

“New budget estimates Wednesday paint a grim picture of the nation’s fiscal state, with the government on pace to rack up combined deficits of $2.58 trillion for 2011 and 2012 even with an improved economy.”

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